The world is becoming more interconnected due to non-stop advances in communication and transportation technologies, facilitating cross-border investment and equity capital flows.
The concept of foreign direct investment (FDI), which is defined as an investment in controlling ownership in a business in one country by an entity based in another country, becomes a cornerstone in today's global economic system.
Accordingly, the number of businesses that have operations in multiple countries has increased significantly, and the fair presentation of foreign subsidiaries' financial statements to the parent entity's stakeholders is needed.
The main obstacle facing consolidating a foreign subsidiary's financial statements is that the subsidiary's financial statements are presented in a different currency from their parent's presentation currency.
This online Accounting CPE webinar for CPAs course explains and illustrates the following:
This online continuing education course uses practical cases and examples that simplify the theory behind US GAAP standard ASC Subtopic 830-30 "Translation of financial statements" and IFRS standard IAS 21 "The Effects of Changes in Foreign Exchange Rates," highlighting the main differences between them.
You might be looking for a course on IFRS.
Certified Public Accountant (CPA), Massaleh Investment Co.
Moataz has over 15 years of accounting, budgeting, auditing, consolidated financials, IFRS, US GAAP, and other aspects of the financial field.
Moataz began his career as an external auditor for a member firm of an international association providing audit & assurance services worldwide, working with various clients in the education, investment, automotive, constrictions, oil, and manufacturing sectors in the State of Kuwait.
Since 2013, Moataz has held executive positions in Kuwaiti stockbrokers' companies and investment groups.
Moataz gained his experience from solving day-to-day work problems, helping entities implement proper accounting systems; thus, he can support the theoretical topics with practical cases, allowing the audience to realize the maximum benefit from attending his courses.
Moataz holds a bachelor's degree in Accounting from Alexandria University, Egypt, certified in IFRS from the Association of Chartered Certified Accountants, London, UK. Also, he is a Certified Public Accountant (CPA) licensed in North Dakota, USA.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
JA
Consolidation and for curr is confusing! The presenter did an excellent job on the presentation!!
PS
Webinar covers all the relevant topics and content is too good .
WQ
Good summary of concepts
AWW
I thought the beginning focus on determining functional currency went on a little long. I was looking for the last part of the presentation, so the earlier parts were repitition from CPA exam studying. I was looking for refresher/examples, etc. on the actual consolidation and entries. Other people may have needed more focus on determining the functional currency.
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